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2007 (10) TMI 256 - HC - Income TaxAssessee did not carry on any business and for several years revenue had treated them as an investment company Revenue not proved that the activities carried on by the assessee were in the nature of trade - hence compensation received on acquisition of land by govt. will be assessable as capital gains in computing period of limitation, once the word from is used, the first in the series of days or any other period of time has to be excluded hence assessment is not time barred
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